The new revenue recognition requirements, which took effect on January 1, 2018 for public companies and January 1, 2019 for private companies, can be found in the Accounting Standards Codification 606 (it supersedes ASC 605) and IFRS 15.
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Some firms will be affected more than others, including those that:
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Centralize revenue streams in a single revenue recognition solution. Get compliant with the new ASC 606 & IFRS 15 standards. Automate calculations, reduce your period-end close and gain a complete picture of your organization’s revenue – both recognized and deferred.